Private equity firm and backer of Innio's IPO.
“A group led by Stripe and Advent International decided against pursuing a $50 billion-plus acquisition of PayPal.”
SourceAI-extracted from podcast / newsletter / paper summaries. May contain errors.
“The Stripe + Advent International bid for PayPal at $53B reveals that payments incumbents with large consumer networks and crypto optionality are now acquisition targets, not just platforms.”
Source→“They're doing a joint deal with Advent, a PE provider... maybe they're using Advent to almost keep it slightly off balance sheet for a period of time while they rationalize it.”
Source→“Consensus has treated PayPal as an incumbent losing ground to Stripe, Block, and Apple Pay. But a $53B bid at a 28% premium reframes the narrative: PayPal's consumer scale, Venmo, and stablecoin infrastructure may be more valuable to a strategic acquirer than the market has priced in.”
“Digital payments company Ant International secured a $1.2 billion Series A from investors including Ant Group and Alibaba Group.”
Source→“Stripe Wants PayPal... Who better than Stripe? And maybe Jack Dorsey plays a role here... I think it's a shot across the bow for Visa and MasterCard.”
Source→“This price works out at around 7 times PayPal's EBITDA, compared with a median multiple of 8x to 12x for payments businesses.”
Source→“Leading a reported ~$53 billion joint bid with Advent International to acquire PayPal — the largest acquisition attempt ever by a private startup targeting a public company”
Source→“Stripe has teamed up with Advent International on a $53 billion bid for rival payments group PayPal.”
Source→“Lockheed Martin has agreed to acquire Ultra Maritime, a Braintree, Massachusetts-based naval tech firm, for $3.45 billion from Advent International.”
“Lockheed Martin is in talks to acquire Ultra Maritime, a naval technology company owned by Advent International that could be valued at around $3.5 billion in a deal.”
Source→“Germany-based drone startup Quantum Systems secured a $1.2 billion round led by Blackstone, Noteus, Airbus and Advent International.”
Source→“Quantum Systems, an 11-year-old German company that makes unmanned aerial systems for defense and commercial customers, raised $1.2 billion at a roughly $8 billion valuation. The round was co-led by Airbus, Blackstone, Advent, and Noteus Partners.”
Source→“Quantum Systems, a German drone maker, raised $1.2b in Series D funding at an $8b valuation led by Blackstone, Noteus, Airbus, and Advent International.”
“Nuvei (backed by Advent International) | Acquiring Payoneer for ~$2.75B ($7.40/share) — consolidation play in cross-border payments.”
“Advent International nearing a $26 billion flagship fund close.”
“Ant International, a unit of Ant Group, is in talks to raise $1 billion from investors including General Atlantic and Silver Lake at a $10 billion valuation.”
Source→“Coralogix...AI observability company — $200M Series F led by Advent International and CPP Investments”
Source→“Innio...Raised $2.4B IPO at the top of range with a $20.3B market cap — an energy infrastructure play backed by Advent International and ADIA.”
“Coralogix: $200M at $1.6B; 12-year-old company. Led by Advent International and Canada Pension Plan Investment Board”
Source→